Iowa Restaurant, Equipment & Real Estate on I-80 For Sale

Undisclosed Address, Shelby, IA 51570
Hospitality for Sale
Catylist Listing ID: 30381135
Number of Units: 1 Units
Building Size (RSF): 1,811 SF
Gross Building Area: See Agent
Gross Land Area: 30,927 SF
Sale Price: $325,000
Unit Price: $325,000 Per Unit
Property Use Type: Vacant/Owner-User
Name of Establishment: Currently an independent Dairy Queen Franchise
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/24/2019

Overview / Comments

Great opportunity for investor or owner/operator with a top quality restaurant in a high traffic area on Interstate 80 at the Shelby Iowa exit. This restaurant was completely remodeled in 2012 when current owners purchased it and added all new equipment at that time as well. Restaurant has ample seating inside, and has drive up window service as well. Lighted drive up menu sign & lighted sign along frontage road are included as well. Purchase price includes all restaurant equipment & inventory as long as it continues as a DQ restaurant, but does not include those items that are proprietary to DQ if buyer chooses not to continue with DQ. Contact listing office for complete list of equipment & other details.

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $5,410 (Annual)

Additional Details

Tax ID/APN: 7740 04 251 002
Zoning: COMMERCIAL
Retail Clientele: Family, Business, Traveler, Tourist
Property Located Between: I-80 and East Street
Property Visibility: Excellent
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 1969
Year Renovated: 2012
Roof Type: Flat
Construction/Siding: Brick, Wood Frame
Total Parking Spaces: 20
Parking Type: Surface
Parking Description: asphalt
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Other
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: owned
Legal Description: SHELBY TOWN 4-77-40 AUD SUB PT NE LT 4

Contact

Photograph of Listing Agent

Byron Menke

United Country Menke Auction & Realty
MRCIE Member
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